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UK energy industry warns domestic bills may soar 50% next year and urges government action

UK energy industry warns domestic bills may soar 50% next year and urges government action

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UK households could face a 50% jump in energy bills next year unless the government steps in, energy industry executives warned. Wholesale gas prices hit a record 450p a therm this week following falls in European imports from Russia and analysts believe the high prices will continue into 2023.

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